Possible support area for FTSE100

by Malcolm Pryor on 14/11/2012

Three points of possible support in the same zone for the FTSE100. Above offers some hope for battered bulls, a break below likely to lead to capitulation.
1) Mid point between open and close of huge up day September 6th = 5718 (I have drawn a line at this level on the attached Sharescope chart).
2) low of November 11th (huge tail, bears lost that day) 5715
3) low of November 13th (huge tail, bears lost that day) 5711.